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SpaceX expected to price its flotation on 11 June before beginning trading on Nasdaq the following day under the ticker SPCX.
SpaceX's IPO is now scheduled for June 12, trading under the ticker SPCX on Nasdaq.
KEY POINTS
- BlackRock is considering a multibillion-dollar investment in the SpaceX IPO through its active funds.
- The IPO could raise up to $80bn, surpassing Saudi Aramco’s record 2019 float.
- Musk merged xAI and X with SpaceX, valuing the combined business at around $1.25tn earlier this year.
- SpaceX is being repositioned as an AI infrastructure company, targeting space-based datacentres.
COMPANIES
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